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Bashneft growth leader in Russia’s oil output in 2014

January 03, 2015, 15:01 UTC+3 MOSCOW
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MOSCOW, January 3. /TASS/. Mid-sized oil producer Bashneft, which was returned to state ownership last year, became a leader in oil output growth in Russia in 2014, according to data released by the fuel and energy sector’s main statistical center on Saturday.

Bashneft, based in the Urals Republic of Bashkortostan, produced 17.691 million tons of oil last year, increasing output by 8.6% compared with 2013, the data showed.

Last year, oil output growth was also demonstrated by Gazprom Neft, the oil arm of energy giant Gazprom, which increased production by 2.8% to 50.942 million tons, and mid-sized Tatneft, based in the Volga Republic of Tatarstan, which boosted oil extraction by 0.4% to 26.529 million tons, the data showed.

Private oil firm Surgutneftegaz kept crude production unchanged at 61.4 million tons last year.

Russia’s oil output leaders - state-controlled Rosneft and independent crude producer LUKoil reduced their production by 1% to 201.992 million tons and 86.689 million tons, respectively.

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